FILIPINO consumers may have to pay at an average P3 more per pack to buy their favorite hot dog brands starting today (Monday) as meat processors implement nationwide list price increases.
Hot dog makers San Miguel Food and Beverage Inc. (SMFBI), which produces Tender Juicy, and CDO Foodsphere Inc., which owns the brands Bibbo! and Idol hot dogs, will implement price increases on their products, documents and data obtained by the BusinessMirror showed.
List prices refer to the manufacturer’s price, or the price being passed on by the hot dog maker to its distributors.
SMC price increase starts
In a letter sent to its business partners, SMFBI said it will implement a nationwide price increase across selected hot dog stock keeping units (SKUs) in both wet markets and supermarkets.
The price increase would take effect first on hot dogs sold in the wet market, which is on May 31, while price increase for supermarkets will be implemented on June 21. The letter also included the list of new suggested retail prices (SRP) for the hot dogs.
The products affected by the price increase are Tender Juicy hot dogs (regular, cheese dogs, cocktail, giant), Star hot dogs (regular, jumbo, cheese dog), and Higante hot dogs (queen size, king size, super jumbo).
For example, the list price of Purefoods Tender Juicy hot dog (regular, 230 grams) for wet market would increase by P2.85 to P46.55 per pack from P43.7 per pack, translating to an additional P3 for its new suggested retail price of P49 per pack.
A kilogram of Purefoods Tender Juicy Hot dog (regular) would now cost at list price P165.83 per pack, P2.86 higher than its previous list price of P162.97 per pack. The SRP for that hotdog type would now be at P174 per pack versus the previous P171 per pack.
Likewise, a kilogram of Purefoods Tender Juicy Cheese dog (regular) would increase by P2.86 to P165.83 per pack (list cost), translating to a SRP of P174 per pack as well.
The SMFBI letter also showed that the list price for Star Hot dog (1 kilogram, regular) would increase by P1.91 to P118.1 per pack while its cheese dog variant (1 kilogram) would also increase by P1.91 to P135.24 per pack.
The BusinessMirror sought SMC’s reaction to this story but it has not responded yet as of press time. SMC admitted last week that SMFBI is affected by the tightness in supply and increase in global prices of mechanically deboned meat (MDM) of chicken, the primary raw material for hot dogs, but assured Filipino consumers that its hot dog brands would remain available in the market.
CDO price hikes next week
CDO is set to increase the list prices of its various hot dog products starting June 7 by as much as P8 per pack, depending on the variety.
The list price for CDO Premium Hot dog (230 grams) will increase by P3 to P50 per pack while its 1-kilogram pack would increase by P2 to P179 per pack, based on data obtained by the BusinessMirror.
CDO Bibbo! Cheesedog (1 kilogram) would increase by P3 to P166 per pack while CDO Bibbo! Hot dog (1 kilogram) would increase by P3 to P164 per pack.
CDO Idol Cheesedog (regular, 250 grams) would increase by P1.5 to P39 per pack while Bigtime Negosyo Hot dog King Size (1.15 kilograms) would increase by P6 to P121 per pack.
CDO’s Bigtime Negosyo Hot dog Super King Size (1.1 kilograms) would increase by P8 per pack to P128 per pack.
Frabelle’s hot dogs
Frabelle Corp. increased its hot dog prices last May 5, based on data obtained by the BusinessMirror, which also sought comment from Frabelle Corp., but it has not responded as of press time.
Based on the data, the list price of Frabelle Yummy Hot dogs Regular (1 kilogram) increased by P2.86 to P151.43 per pack. Likewise, the list prices for its cheesedog and jumbo variants rose by P2.86 to P151.43 per pack and P155.24 per pack, respectively.
The list price of Frabelle’s Bossing Hot dog Classic (200 grams) increased by P0.6 to P26.67 per pack while its Bossing Cheesedog Regular (250 grams) increased by P0.47 to P33.33 per pack.
The BusinessMirror earlier broke the stories that meat processors would increase the prices of their products as they start to use more expensive imported raw materials.
The Philippine Association of Meat Processors Inc. said prices of processed meat products may increase by as much as 20 percent —on a staggered basis over the next eight months—due to depleting stockpiles and thin volumes of imported supply.